Equinox Gold (EQX) Gross Margin (2019 - 2026)
Equinox Gold (EQX) posted quarterly Gross Margin of 50.93% for Q1 2026, up 4385.0% year-over-year from 1.14% in Q1 2025, and up 1.38% on a QoQ basis from 50.23% in Q4 2025.
Equinox Gold (EQX) Gross Margin (2019 - 2026) Analysis & Trends
Equinox Gold (EQX) has reported Gross Margin for 8 consecutive years, with 50.93% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 4385.0% year-over-year to 50.93%; the TTM figure through Mar 2026 stood at 42.44% (up 2492.0% YoY), while the FY2025 annual figure was 35.38%, up 1280.0% from the prior year.
- Gross Margin came in at 50.93% for Q1 2026 at Equinox Gold, up from 50.23% in the prior quarter.
- The five-year high for Gross Margin was 50.93% in Q1 2026, with the low at 3.03% in Q3 2022.
- Average Gross Margin over 5 years is 18.39%, with a median of 12.36% recorded in 2022.
- Across the five-year window, Gross Margin slumped 1557 bps in 2022 and soared 4385 bps in 2026, its largest moves.
- Year by year, Gross Margin stood at 12.36% in 2022, then rose by 5 bps to 12.96% in 2023, then soared by 106 bps to 26.66% in 2024, then soared by 88 bps to 50.23% in 2025, then climbed by 1 bps to 50.93% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 50.93%, 50.23%, and 31.13% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 59.77% |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | 61.79% |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 99.74% |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | 86.39% |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | 77.58% |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | 54.68% |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 80.88% |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | 59.87% |
| 10 | Equinox Gold | 7.68 Bn | 8.27 Bn | 319.98 Mn | 50.93% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 50.93% |
| Dec 31, 2025 | 50.23% |
| Sep 30, 2025 | 31.13% |
| Jun 30, 2025 | 33.38% |
| Mar 31, 2025 | 7.08% |
| Dec 31, 2024 | 26.66% |
| Sep 30, 2024 | 23.67% |
| Jun 30, 2024 | 9.87% |
| Mar 31, 2024 | 4.72% |
| Dec 31, 2023 | 12.96% |
| Sep 30, 2023 | 8.85% |
| Jun 30, 2023 | 11.30% |
| Mar 31, 2023 | 6.19% |
| Dec 31, 2022 | 12.37% |
| Sep 30, 2022 | 3.02% |
| Jun 30, 2022 | 7.57% |
| Mar 31, 2022 | 12.77% |
| Sep 30, 2021 | 18.60% |
| Jun 30, 2021 | 18.26% |
| Mar 31, 2021 | 19.24% |